FBYY vs. GOOY

Last updated Jun 4, 2026

FBYY (GraniteShares YieldBoost META ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. FBYY charges 1.07%/yr vs 0.99%/yr for GOOY.

Performance

FBYY vs. GOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBoost META ETF (FBYY) and YieldMax GOOGL Option Income Strategy ETF (GOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBYY achieves a -19.58% return, which is significantly lower than GOOY's 13.61% return.

FBYY

• 1D: 2.04%
• 1M: 4.40%
• YTD: -19.58%
• 6M: -19.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOY

• 1D: -0.65%
• 1M: -5.16%
• YTD: 13.61%
• 6M: 11.36%
• 1Y: 88.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBYY vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025
FBYY GraniteShares YieldBoost META ETF	-19.58%	-11.23%
GOOY YieldMax GOOGL Option Income Strategy ETF	13.61%	18.56%

Correlation

The correlation between FBYY and GOOY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025	0.40

Return for Risk

FBYY vs. GOOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOOY

GOOY Risk / Return Rank: 92
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 93
GOOY Calmar Ratio Rank: 89
GOOY Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBYY vs. GOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost META ETF (FBYY) and YieldMax GOOGL Option Income Strategy ETF (GOOY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FBYY	GOOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.71	1.09	-2.80

Drawdowns

FBYY vs. GOOY - Drawdown Comparison

The maximum FBYY drawdown since its inception was -35.38%, which is greater than GOOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for FBYY and GOOY.

Drawdown Indicators

	FBYY	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-35.38%	-24.40%	-10.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.15%	—
Current Drawdown Current decline from peak	-31.93%	-8.61%	-23.32%
Average Drawdown Average peak-to-trough decline	-22.92%	-6.26%	-16.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.20%	—

Volatility

Volatility by Period

	FBYY	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.90%	23.19%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.90%	23.31%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.90%	23.31%	+1.59%

FBYY vs. GOOY - Expense Ratio Comparison

FBYY has a 1.07% expense ratio, which is higher than GOOY's 0.99% expense ratio.

Dividends

FBYY vs. GOOY - Dividend Comparison

FBYY's dividend yield for the trailing twelve months is around 40.44%, less than GOOY's 50.99% yield.

Position	TTM	2025	2024	2023
FBYY GraniteShares YieldBoost META ETF	40.44%	10.35%	0.00%	0.00%
GOOY YieldMax GOOGL Option Income Strategy ETF	50.99%	41.50%	36.74%	7.90%

Frequently Asked Questions

Can I hold both FBYY and GOOY in my portfolio?

FBYY and GOOY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBYY or GOOY?

On fees, GOOY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBYY or GOOY?

GOOY is cheaper with a 0.99% expense ratio, compared with 1.07% for FBYY.

Which ETF pays a higher dividend yield, FBYY or GOOY?

GOOY has the higher dividend yield at 50.99%, compared with 40.44% for FBYY.

What is the main difference between FBYY and GOOY?

They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for FBYY and 0.99% for GOOY.